Mercedes 2015 Annual Report Download - page 123

130 B | COMBINED MANAGEMENT REPORT | REMUNERATION REPORT
Details of Board of Management remuneration in 2015
pursuant to the requirements of the German Corporate
Governance Code
The following tables show for each individual member of
the Board of Management on the one hand the benefits granted
for the financial year and on the other hand the payments
made in or for the reporting year and the retirement pension
expense in or for the reporting year in accordance with the
recommendations of Clause 4.2.5 paragraph 3 of the German
Corporate Governance Code.
The total of “benefits granted” for financial year 2014
is calculated from
– the base salary in 2014,
– the taxable non-cash benefits and other fringe benefits
in 2014,
– the half of the annual bonus payable in 2015 for 2014
at the value for target achievement of 100%,
– the half of the share-based annual bonus payable in 2016
for 2014 at the value for target achievement of 100%,
B.55
Benefits granted
Dr. Dieter Zetsche
Chairman of the Board of Management,
Head of Mercedes-Benz Cars
Dr. Wolfgang Bernhard
Daimler Trucks & Buses
Jan. 1 – Dec. 31, Jan. 1 – Dec. 31, Jan. 1 – Dec. 31, Jan. 1 – Dec. 31,
2014 2015 min. max. 2014 2015 min. max.
In thousands of euros
Base salary 2,008 2,008 2,008 2,008 779 824 824 824
Taxable non-cash benefits
and other fringe benefits 163
148
148 148
163
90
90 90
Total 2,171 2,156 2,156 2,156 942 914 914 914
Annual variable remuneration
(50% of annual bonus, short-term) 1,004
1,004
0 2,360
390
412
0 968
Deferral (50% of annual bonus, medium-term) 1,004 1,004 0 2,360 390 412 0 968
Long-term variable remuneration
(plan period of 4 years) 2,902
3,092
0 6,875
1,228
1,381
0 3,070
Total 4,910 5,100 0 11,595 2,008 2,205 0 5,006
Retirement pension expense (service costs) 827 1,044 1,044 1,044 380 448 448 448
Total remuneration 7,908 8,300 3,200 14,795 3,330 3,567 1,362 6,368
Total limit1 for components of remuneration
granted in the reporting year
Excluding
– Taxable non-cash benefits and other fringe benefits
– Retirement pension expense (service costs)
10,149
10,149 5,172 5,464
Dr. Christine Hohmann-Dennhardt
Integrity & Legal Affairs
Ola Källenius
Mercedes-Benz Cars Marketing & Sales
Jan. 1 – Dec. 31, Jan. 1 – Dec. 31, Jan. 1 – Dec. 31, Jan. 1 – Dec. 31,
2014 2015 min. max. 2014 2015 min. max.
In thousands of euros
Base salary 758 781 781 781 –781 781 781
Taxable non-cash benefits
and other fringe benefits 94
97
97 97
–
189
189 189
Total 852 878 878 878 –970 970 970
Annual variable remuneration
(50% of annual bonus, short-term) 379
391
0 919
–
391
0 919
Deferral (50% of annual bonus, medium-term) 379 391 0 919 –391 0 919
Long-term variable remuneration
(plan period of 4 years) 1,161
1,237
0 2,750
–
1,237
0 2,750
Total 1,919 2,019 0 4,588 –2,019 0 4,588
Retirement pension expense (service costs) ––– – –117 117 117
Total remuneration 2,771 2,897 878 5,466 –3,106 1,087 5,675
Total limit1 for components of remuneration
granted in the reporting year
Excluding
– Taxable non-cash benefits and other fringe benefits
– Retirement pension expense (service costs)
4,971
5,058
–
5,058
1 Total limit = maximum amount

1.5 times (Dr. Zetsche)/1.9 times target remuneration
(base salary, target annual bonus, value when granted of PPSP, excluding fringe benefits and retirement pension commitments).